Update: Exchange4media quotes senior BCCL executives – CEO Ravi Dhariwal and Indiatimes COO Sunil Rajshekhar, saying that they’re not aware of Wadhawan’s resignation. There’s a difference between “not aware” and “It’s not true”, and the company is yet to officially deny or confirm the development. ContentSutra’s sources said that Wadhawan put in his papers on March 16th, and he is planning to start up; Wadhawan had told ContentSutra a day before we put up our report that “One can only laugh at these rumours” – again, that’s not a straightforward denial. Like we had said earlier, our information is source based and neither Indiatimes, nor Wadhawan have confirmed or denied the development, despite repeated attempts. Why so obscure?

Original Story: Dinesh Wadhawan, MD & CEO of Times Internet Ltd (Indiatimes) has put in his papers, MediaNama has learned from multiple sources. Wadhawans move is not unexpected: talks of his move have been doing the rounds for a few months now, and it is believed that Sunil Rajshekhar, an old Indiatimes hand who had helped set the company up, had been brought in as President & COO of Indiatimes last year to eventually take over from Wadhawan.

Note that this development has not been officially confirmed or denied: We’ve tried contacting Wadhawan for a confirmation or a denial several times since yesterday, but he has not taken our calls, nor responded to our text messages. We’re told that he was in the office today. When contacted, Sunil Rajshekhar, President & COO of Indiatimes, who is the official spokesperson of the company, said that he was not aware of this development. He did not confirm or deny it.

Wadhawan had joined Indiatimes in Feb 2006, and has over 28 years of experience. Prior to joining Indiatimes, Wadhawan was with Microsoft in the USA -with the Servers & Tools division. Prior to that, he was President and CEO of Paramark Inc. He was a part of the executive team that took Vicinity Corporation public on NASDAQ, we’re told that he was brought in to take Indiatimes public.